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30 November 2009

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This quote is on my homepage, refdesk, today:

It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." - Thomas Jefferson

If we are going to remain in a state of perpetual war, we need to implement a tax structure that will pay for the war and pay down our current debt.

In WWII that was 90% of income over $200,000, about 2.5 million in today's dollars. The only way to stop the military-industrial complex from influencing foreign policy is to cut its profits.Personally, I don't care how much money a person makes but think TJ was right-- as long as the politically powerful, money is power, are funded by war and federal debt; the closer the U.S. gets to financial ruin.

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